U.S. Bank increases e-commerce, tech-led merchant revenue
Bank’s tech spend was up 19% YoY to $503M
U.S. Bank continued its multiyear strategy to invest in e-commerce and tech-led revenue efforts in the first quarter of 2023. Tech-led merchant processing fee revenue growth, for example, increased 12% year over year and 56% sequentially. THE BIG PICTURE: Tech-led merchant processing includes digital, omni-commerce and e-commerce revenue channels, according to today’s earnings presentation. Investment […]
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